BitPanda to Introduce Reduced Rates For Using BEST

BitPanda to Introduce Reduced Rates For Using BEST

BitPanda has announced that their Ecosystem Token, BEST, will allow users to be viable for a 25% discount as of October 30th.

Holders of the coin will the be able to use this reduced rate to pay their trading fees on the BitPanda Global Exchange if they do so by using BEST.

As a result of this, it has meant that the most viable and cheapest way to pay for any fees you incur while going about your day-to-day trading on BitPanda will be with BEST. 

The inclusion of this new way to use BEST and the discount marked the first of the special features of token since it was introduced earlier this year via an IEO which turned out to be the highest ever European IEO ever recorded, generating €29 million.

During the announcement of this new special feature, BitPanda has also outlined some promising milestones for users to look out for the in the near future. These will further make those who currently HODL BEST happy with their decision, as they could see some impressive results for the price of BEST.

Guarantee Fee Paying Price and BEST Burn

The first of which is the guarantee that within the first year, which will include the first half of 2020, the price of BitPanda will secure a minimum value of €0.12 when using it to pay fees. This will be just the start though, as they have also stated that this price for fee-paying will gradually increase year on year. Outlining that a price of €0.132 in 2021 and €0.145 in 2022.

As well as this, the platform has also announced their plans to make their first BEST burn after the first quarter of 2020, pegged somewhere around early April. During this, 25% of the tokens that were used for paying exchange will be burnt. Then, following this, every quarter the same amount will be burnt until which time 50% of the BEST total supply has been destroyed. Of course, this will reduce the circulation and thus, see further value increase for the token also.

All of which considered, means the next 10 months will be very telling for the BEST token and it is likely that the price could see some serious value growth. As such, it would be a wise investment to partake in. You can do so at either of their platforms, BitPanda of the Global Exchange.

This follows news of expansion in other parts of their service too. The BitPanda Metals service also saw updates last week too, with the inclusion of two new metals to the service, palladium and platinum. These join other digitised metals they had in place, Gold and Silver. These too can be purchased and traded with any crypto, including BEST, while also being eligible for the new 25% discount that will be rolled out at the end of the month.

While there is still more than 3 weeks to wait for this service, it is not too late to get stockpiling the BEST for future trades. With this considered, heading over to BitPanda early is advised as the price could grow rapidly in anticipation of this new service.

Recently Similar News

Latest Guides

Latest News


Bao Casino Offering High Roller Bonus

Bao Casino, the online cryptocurrency based casino, is offering a large bonus for high rollers. Bao Casino, the online cryptocurrency based gambling site, is offering a new bonus for their high rollers. It is very easy to qualify for this promotion and is available to anyone who has the capital. For a limited time only, […]

21 September, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance Visa Cards Are Now Available in Europe

Binance, the largest cryptocurrency exchange online, has recently released a Visa card in Europe, allowing users to get up 8% cashback on all purchases. Binance, the world largest cryptocurrency exchange, has partnered with Visa in order to continue their expansion into the European market and released the Binance Visa card. This card is available to […]

21 September, 2020
CFD Trading Platform,Cryptocurrency,Exchange Platforms,Trading

IQ Option Identifies Some of the Biggest Obstacles in Trading

IQ Option, the CFD and cryptocurrency trading platform, has recently created a blog post highlighting some of the biggest obstacles traders face when trading. IQ Option, the online cryptocurrency and CFD trading platform, has released a blog post highlighting some of the biggest and most challenging obstacles a trader can face while conducting their trades. […]

20 September, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trading

Kraken Wins First Ever U.S. Bank Charter Approval For A Cryptocurrency Exchange

Kraken, the online cryptocurrency exchange, has been granted regulatory approval to be the first cryptocurrency firm with a Special Purpose Depository Institution (SPDI). Kraken, the large cryptocurrency exchange, has recently been granted approval to operate as the world’s first Special Purpose Depository Institution (SPDI), which for now is being called Kraken Financial. The license was […]

20 September, 2020

Binance Reviews The Month In Cryptocurrency And Highlights DeFi

Binance, the online cryptocurrency exchange, has released their monthly review, highlighting the historic rise of decentralized finance. Binance, the largest cryptocurrency exchange in the world by volume, has recently released their monthly review of the cryptocurrency space, highlighting the massive growth in the decentralized finance (DeFi) sector. Besides the launch of Binance Smart Chain, Binance […]

18 September, 2020

CoinMarketCap Identifies Bullish Events for Bitcoin and Explains the Drama Behind SushiSwap

CoinMarketCap, the world’s largest cryptocurrency market cap aggregator, has released an opinion piece on events surrounding Bitcoin and all the drama behind the SushiSwap saga. CoinMarketCap, the large online cryptocurrency market capitalization aggregator, has created an analysis on events surrounding Bitcoin and the craziness surround the latest DeFi craze, SushiSwap. The main event related to […]

18 September, 2020
Decentralised,Ethereum,Exchange Platforms,Trading

Uniswap Launches UNI Governance Token With Airdrop

Uniswap, the large decentralized exchange, has recently launched their governance token, UNI, and have given away 15% of the token to users. Uniswap, the Ethereum based decentralized exchange and decentralized financed (DeFi) application, have recently launched the governance token, UNI, and have airdropped a large portion of the token supply. All in all, Uniswap distributed […]

17 September, 2020
Bitcoin,Changelly,Cryptocurrency,Exchange Platforms

Changelly Explains The Concept of Short Selling

Changelly, the online cryptocurrency exchange, has recently released an article on short selling and how you can take advantage of it as a user. Changelly, the larger online cryptocurrency exchange, has created a blog post highlighting short selling and what their users can do to take advantage of this trading feature. Short selling can take […]

16 September, 2020